Mumbai , July 11 : Mumbai’s Economic Offences Wing (EOW) has registered a fourth FIR against builder Sanjay Chhabria, promoter of Radius Group, in connection with an alleged ₹52.12 crore fraud involving Yes Bank. According to police officials, Chhabria’s firm, Sumer Radius Realty Pvt Ltd, allegedly diverted funds from a term loan that was originally […]
Business
Mumbai , May 1 In a major breakthrough in the high-profile Yes Bank-Dewan Housing Finance Corporation Limited fraud case, the Central Bureau of Investigation carried out extensive raids at multiple locations linked to three prominent real estate developers following the arrest of Radius Group Managing Director Sanjay Chhabria. The raids were conducted across eight
In a major development, the Enforcement Directorate (ED) has uncovered documents suggesting possible financial links between businessman Sudhakar Reddy and several political figures during a recent investigation tied to alleged money laundering involving underworld figure Iqbal Mirchi. The findings came after ED officials conducted raids at the residence and office of
New Delhi , March 19 , 2019 : The ongoing IL&FS financial crisis has once again come under the spotlight as new concerns have surfaced regarding the interim audit findings submitted by Grant Thornton. The Enforcement Directorate (ED), which has been actively probing the financial irregularities and alleged mismanagement within IL&FS Financial Services, has
The company has given the directors seven days to submit their explanations regarding the allegations. It has warned that failure to provide a satisfactory response could lead to departmental proceedings and legal action against them. New Delhi , 05 March , 2019 : Four former directors of IL&FS Financial Services Limited (IFIN) have been issued […]
Jay Vallabh, a 64-year-old Indian-origin attorney based in Switzerland, has emerged as a pivotal figure in managing the offshore assets of liquor baron Vijay Mallya. Vallabh’s name appears as a director and authorized signatory across several offshore entities tied to Mallya, as evidenced by regulatory filings with the US Securities & Exchange Commission (SEC) and […]
